Last month, Keystone announced the US Labor Recession starting in America and now it is confirmed and worsening. When the blue line is below the red line, the wine is flowing like water, everyone that wants a job has a job, and economic times are great with no recession in sight. When the red line is below the blue line, franks and beans are ate for dinner, people are laid off (fired), and a recession appears making for Hard Times.
The US housing recession is in its 11th month ready to clock 1 year at Christmastime. The US manufacturing sector is also in a recession for much of this year. Typically, housing and manufacturing, specifically, housing and autos, in recession means the US economy is in recession. Not in this new prissy economy of computers, software and programming where everyone dons a fleece vest imprinted with the company logo and their hands never get dirty.
Semiconductors are the Big Kahuna in today's economic world. The artificial intelligence (AI) orgy this summer keeps the US recession at bay. More importantly, America's wealthy elite class, and the upper middle class sycophants that service the wealthy, have become filthy rich thanks to over a decade of Federal Reserve obscene money-printing (monetary stimulus).
The chips sector and America's rich class have delayed the onset of the recession but with labor now taking the pipe, the overall US recession has likely started now. The economic data is never able to officially confirm exactly when a recession begins until quarters after it starts.
Thus, as per the chart above, It's All Over Now, Baby Blue. The sky, too, is falling over you. The chip fun is over so housing, manufacturing and semiconductors is three strikes and yer out. Many of you reading this will be sh*t-canned from your jobs over the coming months. You will be embarrassed, depressed and confused when your boss hands you a pink slip and drop-kicks you into the dumpster at the end of the parking lot. You will feel shame because you bragged to family, relatives, friends, neighbors, and anyone willing to listen, that you are a top employee and the company cannot survive without you. Prepare accordingly since you know what is coming.
The chart shows how the good times started in January 2011 and ran all the way to the start of the COVID-19 pandemic in spring 2020 with the exception of a mini one-month labor scare February 2019.
Of course, America's crony capitalism system saves the day in 2021 with the Federal Reserve printing money like madmen (monetary stimulus) and Congress providing fiscal stimulus for as far as the eye could see. The obscene amounts of easy money actually encouraged Americans not to work. It is enough to make you vomit. You twits do understand that capitalism does not exist, don't you? Or are you stupid?
The Caligula-worshipping monetary and fiscal stimuli saves the day during the pandemic and the economy is rockin' and a rollin' again, a la ELO, starting February 2021. Work takes a back seat in America as everyone enjoys easy money stimulus, parties and a free ride. Americans proclaim that a healthy work ethic is for losers. Well, jackasses, turn out the lights because the Party Is Over, as Willie sings, and the Labor Recession is underway for 2 months and worsening (the red and blue lines are diverging).
The ongoing housing, manufacturing and labor triumphant of recessions creates the overall US recession. Prepare yourself and your family. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
